- U.S Markets closed lower Yesterday.
- Right now , Asian Markets are flat.
- SGX Nifty is at 17880.
- We are likely to have a gap down opening today.
- 17800 PE added high open interest yesterday.
- This should be a strong support for the Markets.
- Dips should be bought into with a stoploss of 17800 on Nifty.
- Bank Nifty outperformed Yesterday and took Nifty higher.
- IT index fell 3% yesterday still Nifty managed to cross 18k.
- 17800 to 18k is the range for Nifty in short term.
- Expecting some recovery in the IT Sector from here.
- TCS results were good but the street expectations were too high.
- Tomorrow , Infosys is coming with the results and that's going to be an important event for the Markets.
- Sectoral Rotation has been happening and money is being from IT sector to Banks.
- That's the reason of outperformance of Banks yesterday.
- 18000 CE continues to have high open interest inspite of nifty crossing 18k yesterday.
- Nifty might Trade between 17800 to 18040 today
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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